Personal Unsecured & Secured Loans

Our minimum unsecured loan is $500 and the most we might be able to lend you is tied to your credit score:

 

CREDIT SCORE

 MAXIMUM UNSECURED LOAN

A+  740 and Up  $25,000
A  680 - 739  $25,000
B  640 - 679  $15,000
C  600 - 639  $10,000
D  550 - 599  $5,000
E  549 and Less

 $5,000

 

  • Unsecured loans can be used for any legal purpose but the purpose must be stated at the time of application.
  • We have provided many types of unsecured loans for: purchasing furniture or appliances, dental work, repair of credit, to assist with a family emergency or unexpected expense such as a funeral or travel to a funeral, "family aid" loans to assist people trying to help families that are oversees or living as refugees, security deposits, college expenses not covered by student loans or for establishing credit.
  • Whenever possible, we try to lower the rate and our risk by asking for possible collateral, such as a car that is owned outright. This is known as a lien-secured loan; the loan rate matches the auto loan rate even though the loan is not to buy the car, but is for another purpose—for example, repairs to the vehicle.
  • The maximum term for an unsecured loan is 60 months and the minimum term is 12 months.
  • We offer monthly, semi-monthly, weekly and bi-weekly payment options on all consumer loans.

Our Members make the difference.

Member Since 1982

"I decided to become a founder and a member of Genesee Co-op Federal Credit Union because I wanted to help create, support and benefit from a cooperative alternative to mainstream financial institutions. It's important to me to know that my money supports a non-profit, community-based, socially-responsible saving and lending institution. Now more than ever, we need alternatives to the mega-banks that have made such a mess of our economy. I'm proud to have been a part of an institution that has helped thousands of people enter the world of credit, improve their financial standing and be treated with dignity. It's great to have witnessed the credit union’s evolution from a small group of food co-op members into an institution that serves a member-ownership that's diverse in age, race, ethnicity and socio-economic circumstance."

David Knoll


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